Board confirm the offer from ALF Finance and Investments
(firmenpresse) -
Board confirm the offer from ALF Finance and Investments
ALF Group Holdings AG –We the board wish to confirm that the ALF Finance and Investments offer to acquire all the listed shares in ALF has now been placed on the ALF Group Holdings AG web site. Investors can also find the invitation to the AGM at the company web site , please visit the www.alfgroupag.com and go to investors and then documents, or find it under the following link: http://www.irw-press.com/dokumente/ALF-Offer-eng.pdf
In addition interested parties can see the 2010 Swiss audited accounts also now published on the Web site by following the same prompts.
As the Swiss listed company current market capitalisation is at an extremely low figure. The Board have deemed it prudent under Swiss law to right down the entire goodwill of the company. On first reflection this creates a large loss on the 2010 accounts, but after considering the real positive impact it is important to consider this.
The company has written off its goodwill, this does not affect the company’s cash flow in a negative manner, quite the opposite, the company can retain 100% of its earning and or any earning from related parties without a need to remit any income tax to the authorities until the company has booked Euro 91,296,303 in profits.
This makes the company extremely tax effective for some years to come. Even after the proposed takeover, the Australian Company can and will direct income generated VIA the Swiss company and thereby remove tax liabilities from the Australian enterprises.
We urge investors to note despite the right down of goodwill, current net tangible asset backing per share as stated in the Audited accounts is Euro 5,381,331 and the offer now proposed provides a minimum of Euro 4c per share plus an interest in the Australian listed shares, we urge interested parties to read the offer document carefully .and if questions arise we suggest that shareholders consult their financial advisor. The offer document also provides some details of major transactions that are underway
Alf Group Holdings AG
Level 29, Chifley Tower 2
Chifley Square
Sydney NSW 2000
Leseranfragen:
Can Can Lingerie Holding AG
HEAD OFFICE
77-79 Anzac Parade
Kensington, 2033
Sydney, NSW, Australia
Ph: 02 9663 2842
Fax: 02 9663 2638
Email: reception(at)cancan.com.au
Datum: 22.08.2011 - 10:56 Uhr
Sprache: Deutsch
News-ID 57646
Anzahl Zeichen: 2275
contact information:
Town:
Wien
Kategorie:
Business News
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"Board confirm the offer from ALF Finance and Investments
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